
It’s an exciting time to talk about some innovative credit score changes for 2019. Historically, your credit score has been based solely on your payment history on things like mortgage and auto loans, student loans and credit cards. That is, until now.
The launch of two credit score changes allows you, as a consumer, to influence your credit. By using good payment history on things like bank transactions and utility bills, you will be able to positively affect your score. And lenders benefit too by having additional data to evaluate your creditworthiness. We’ll show you a comprehensive look at these credit score changes as possible options to help you grow your credit score.
Credit Score Change #1: UltraFICO
Thanks to a new innovative scoring model called
How does UltraFICO work?

When would I be offered UltraFICO ?
- The lender is using an Experian credit score (since this service is only for Experian credit reports)
- If you would be denied the loan or credit card otherwise
- Your score could benefit by putting you in a higher score range*
*If you already have an excellent credit score, you won’t be offered UltraFICO. But if your score falls in the 500-600 range, UltraFICO might be a way for your score to increase and allow you to successfully get the loan or credit card you want.
How do I know if I would benefit from UltraFICO?
This credit score change is helpful if you are a new borrower. Perhaps you are young and starting out and your credit history is

In order to benefit from
- Have at least a $400 balance in your checking, savings or money market account
- No overdraft withdrawals within the last three months
- Having an account open for a long period of time
- Demonstrate frequent transaction history
Credit Score Change #2: Experian Boost
For 2019, credit agency Experian announced a new service called Experian Boost. This opt-in program would allow you to supplement your existing credit report with non-traditional payment history, specifically your cable, cellphone and utility payments.

How does it work?
- You sign up on Experian to opt-in to Experian Boost.
- You connect your bank accounts.
- Verify the positive payment history you want added to your credit file.
Experian Boost differs from
Would I benefit from using Experian Boost?
Similar to

The bigger picture.
Only time will tell just how good these new changes are. There are some risks. First, you disclose personal information when you opt-in to
Second, your banking information may not demonstrate an improved financial picture. If you tend to spend more than you save, you may have difficulty getting a loan.
In conclusion, make sure you are comfortable in sharing additional personal information before enrolling in either Experian Boost or